Do we continue the downtrend this week? AUS200

Do we continue the bear market this week? Or do we rebound?

I can see us dropping to new lows however in this current market anything is possible. My short is currently in a nice profit.. Using a trailing stop loss strategy with this one.

We will have to see what the Australian Government can deliver on a stimulus front, money printing is only delaying the inevitable at this current moment.. The 2Trillion stimulus package will have a short-term affect as the cases of COVID-19 continue to go parabolic in the US..

Let me know your thoughts below!

Remember to keep your analysis simple! I use a 14EMA and recent S/R zones to base my trading on, I then wait for confirmation candles in either direction to make my moves.. Building my patience has so far been my most challenging factor in trading..

Keep on the alert!

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MNLZ